Renovation Refinance › What is a renovation refinance?

What is a renovation refinance?

A renovation refinance means refinancing or topping up your home loan to fund renovations, usually by drawing on the equity you have built up. It lets you pay for improvements without using savings or higher interest finance.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Rather than putting a renovation on credit cards or a personal loan, a renovation refinance taps your home equity at the much lower home loan rate. For cosmetic and moderate work it is simple. For major structural builds it can shift into construction style lending that releases funds in stages, so the project scale shapes the approach.

The key points

Refinance or top up to fund renovations.
It draws on your home equity.
Cheaper than cards or personal loans.
Major structural work may need staged lending.

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More renovation refinance questions

Back to the full Renovation Refinance guide

Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.